CLINTON Act of 2016
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 24, 2016)
Contributions Legally Interdicted from Noncitizens To Our Nonprofits Act of 2016 or the CLINTON Act of 2016
This bill amends the Internal Revenue Code to prohibit a federal official organization from being treated as a tax-exempt organization under section 501(c)(3) for any period after the date on which the organization knowingly or willingly accepts or solicits any contribution from any person connected to a foreign government.
A tax-exempt organization is a "federal official organization" if one or more current or former specified federal officials established, control, or actively participate in the management of the organization.
If the organization accepts a contribution from any person and learns that that the person is connected to a foreign government after the acceptance, it will not be treated as knowingly or willingly accepting the contribution if the contribution is returned within 30 days of learning of the status of the person.
The bill imposes a tax on any federal official organization that knowingly or willingly accepts any contribution from any person connected to any foreign government in an amount equal to the amount of the contribution.
What just happenedJun 24, 2016
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseJun 24, 2016
- Jun 24, 2016IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jun 24, 2016IntroReferralIntro-H
Introduced in House
- Jun 24, 2016IntroReferral1000
Introduced in House